The Consumer Financial Protection Bureau announced Tuesday itÂ’s adding two new topics - debt collection practices and ability-to-repay standards - to a planned second credit card market study that could lead to new rules and enforcement actions Collection & Credit Risk
New York Attorney General Eric T. Schneiderman issued an alert Wednesday based on ongoing complaints from consumers reporting being contacted by scammers posing as an attorney from the AG's office. Collection & Credit Risk
In Russia, according to a report from The Moscow Times, an alarming debt collection trend involves collectors seizing household pets from debtors who have defaulted on their loans. Collection & Credit Risk
A Tampa Bay, Fla. couple, harassed by Bank of America over their delinquent mortgage payments, recently won a $ 1 million default judgment in a collection lawsuit. Collection & Credit Risk
Pennsylvania defense attorney Nancy Raynor, sanctioned nearly $ 1 million when a defense expert made a prohibited remark about smoking during a lung cancer-related malpractice case, is now being told it's time to pay up. Collection & Credit Risk
After 2014's sweeping reforms, which put huge strain on lenders' operations, 2015 may not look so bad. But big potential changes still loom News
Fair Debt Collection Practices Act lawsuits dropped to a more typical 713 cases (including 66 class action cases) filed in November after a spike to more than 900 in October. Fair Credit Reporting Act lawsuits decreased to 173 (including 14 class action cases) in November from more than 225 a month earlier. Collection & Credit [...]
Account Control Technology Inc. has been recognized as the No. 1 private collection agency on the U.S. Department of Education's unrestricted contract for the quarter ending September 30. Collection & Credit Risk
Complaints against debt collection companies logged with the Consumer Financial Protection Bureau rose in October, as did lawsuits citing alleged violations of the Fair Debt Collection Practices Act and Fair Credit Reporting Act. Collection & Credit Risk
A Georgia-based collection agency and seven employees are facing fraud charges after a federal investigation revealed tactics that prosecutors believe convinced more than 6,000 people to pay the firm an estimated $ 4.1 million in purported debts, according to a criminal complaint filed Tuesday. Collection & Credit Risk
